![]() ![]() Serial entrepreneurs are driven by the thrill induced by starting new businesses and making it work. Instead, they are more interested in putting together a working team and make their ideas and projects come to life. ![]() While financial success is necessary for any company, serial entrepreneurs do not make it their main goal. Serial entrepreneurs tend to focus more on developing newer ideas and bringing it to fruition rather than on the monetary goals. Not doing so directly means the downfall of the company that they built. Serial entrepreneurs can effectively find, lead and assign the right roles to right people in every new venture that they create. You cannot grow multiple businesses if you are not able to lead and manage yourself as well as a group of people. But, in general, end they all are good at bringing together and managing people (if not at the beginning, they become good leaders soon after). Many serial entrepreneurs work solo or in tandem with one other person. They look to get their ideas off the whiteboards and onto the real world and hence are willing to do everything that is required. Apart from that, serial entrepreneurs have good discipline to not let their multitasking affect the state of affairs negatively. Most serial entrepreneurs are creative multi-taskers who can juggle between many different operations, projects and goals at the same time or in short notice. They are constantly on the lookout for ways to start their new venture and ideas that might help them find the next new thing to work on. Serial entrepreneurs usually do not delve on the past but instead, look forward to what they can do in the coming future. ![]() They usually are at the bleeding edge of things, helping churn out successful ideas and projects one after the other. Serial entrepreneurs can be seen as walking think tanks. They take time to prioritize and work on the important bits first and then onto the less important ones. Serial entrepreneurs usually avoid the risk of handling multiple ventures by setting concrete goals and having good time management. This is one of the few defining characteristics that “most” serial entrepreneurs exhibit. It is the fact that Ash looks to start a new business and takes more than normal financial risks, even though he has no obligations to do so, is what makes him a good example of a serial entrepreneur. But that is not what makes him a serial entrepreneur. He is now looking to start a “budget-oriented” smartphone brand.Īsh had created three companies of which he still owns and runs two. The app is a success and shortly afterwards, Ash sells the app company to another company. After a few years, Ash looks to bring his idea of connecting freelancers and employers and launches an app. Here’s a serial entrepreneurship example to help form a better understanding of who a serial entrepreneur is.Īsh owns and runs a construction company and soon after, he uses the profits of this company to start an HVAC company that operates independently but also helps his construction company by providing heating and cooling equipment. They may or may run it individually by themselves or appoint someone to take care of the businesses’ operations – the latter frees them to focus on starting a new business – but serial entrepreneurs are always on the lookout to start new startups and businesses and that is what defines them as one. ![]() How they handle the different ventures depends and varies upon the individual and their ability to handle operations of entirely different businesses at the same time. They instead look to start something else after that – sometimes selling the existing company at the first opportunity and starting a new one using the obtained capital. While a typical entrepreneur might start a company and stick with it until the end, a serial entrepreneur does the same but does not stop at a single startup or venture. Serial entrepreneurship is an individual’s mentality and drive to start new ventures, independent of whether they succeeded in the past or will succeed in the future. It can be one after the other or simultaneously. If you’ve started more than one venture taking more than normal financial risks, you’re a serial entrepreneur. You do not become a serial entrepreneur by creating an X or Y number of ventures. “How many companies should I have started to be called a serial entrepreneur?” What Makes An Entrepreneur A Serial Entrepreneur? ![]()
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